S&P500 INDEX (SPX500USD): Bearish Continuation Confirmed?!
↪️I spotted several indicators suggesting a downward trend on the S&P500 Index.
However, there has been a double top formation, with the price breaking both the neckline and a support line of a rising wedge.
These signals point to a potential return to a bearish trend, and I anticipate a continuation of this trend down to 5,100.
However, there has been a double top formation, with the price breaking both the neckline and a support line of a rising wedge.
These signals point to a potential return to a bearish trend, and I anticipate a continuation of this trend down to 5,100.
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